CARDANO ANALYSIS🔥🔥🔥
ADA is now around $0.87, showing a generally positive technical picture and an interesting potential from a fundamental perspective as well. Technically, ADA exhibits an upward trend on the daily timeframe, supported by the 50-day moving average and the MACD, indicators that confirm the strength and continuity of the movement. The RSI is in neutral territory, leaving room for further upward movements without excess overbought conditions. However, on the weekly and monthly timeframes, there are signs of possible consolidation, urging caution in trade management.
Fundamentally, Cardano benefits from a solid technical and scientific foundation, with continuous ecosystem development and growing adoption on a global scale. Despite the volatility of the crypto market, ADA has shown resilience, regaining ground after the lows of the beginning of the year and aiming to break through the key resistance around $0.92. Medium-term prospects are supported by technological updates and institutional interest, which strengthen its potential.
For a strategic trade, one might consider entering around $0.87, with a prudent stop loss below $0.79$ and take profit near $1.00-$1.02.
I advise you never to enter a position with all the capital you wish to invest so that you can better manage the position in case of sudden retracements.
Please always operate with low leverage and always set a stop loss.